Due to relocation - entire building - lease available

53 Pembridge Road, Notting Hill Gate, London, W11

Let - September 2017

Situation & Location

The property is situated on the western side of Pembridge Road, close to the junction with Portobello Road . Other retailers located in the parade include Gelato Mia, Bubbleology, Superga. Notting Hill Gate underground (Central, District, Circle Lines) is close by. View location map.

Description & Accommodation

The property comprises a self contained property planned over basement, ground, rear mezzanine and first floors providing the following approximate floor areas, please also see floorplan:-

Net Frontage

13’7”

4.14 m

Gross Frontage

17’9”

5.41 m

Internal Width

16’4"

5 m

Shop depth

22’7”

6.88 m

Built Depth

40’6”

12.35 m

Ground floor sales

309 sq ft

28.7 sq m

Ground floor office/sales

143 sq ft

13.3 sq m

Rear Mezzanine office/sales

116 sq ft

10.8 sq m

First floor office/sales

300 sq ft

27.9sq m

Basement Office/Kitchen

227 sq ft

21.1 sq m
Externally: rear patio garden

Total Net Offices/Sales

868 sq ft

80.1 sq m

Total Ancillary

227 sq ft

21.1 sq m

Amenities

Terms

A premium of £50,000 is sought for the assignment of our client’s full repairing and insuring lease, inside the L&T Act 54, expiring 28th September 2020 at a rent of £45,000 per annum (no further review). Alternatively a new lease may be avaiable from the freeholder, terms to be confirmed.

Legal Costs

Each party to bear their own legal costs in connection with the grant of the lease; freeholder’s costs in granting licence to assign to be shared equally; incoming tenant to bear freeholders professional fees in connection with any Licence to Alter.

Energy Performance Certificate

An EPC has been commissioned – copy certificate and recommendations available on request.

Business Rates

The local authority has verbally informed us that the new rateable value for the premises is £56,000 and the estimated rates payable for the year ending31/03/18 are £16,278. Interested parties should make their own enquiries and confirm: - Royal Borough of Kensington and Chelsea business rates department 020 8315 2082.

VAT

The property is not currently VAT opted.

Possession

Immediate upon completion of legal formalities.

Contact

Important Notice: Measurements are approximate and no responsibility is taken for any error, omission or mis-statement in these particulars which do not constitute an offer or contract. No representation or warranty is given either during negotiations, in particulars, or elsewhere. Unless otherwise stated all rents and prices are exclusive of VAT, where applicable.